Story perspectives

Soon-Shiong Hunts $500 M to List LA Times Amid Cash Strain

6/25/2026

Summary

Story summary

Patrick Soon-Shiong is seeking up to $500 million to take the 144-year-old Los Angeles Times public despite cash-flow strain.
The paper is months behind on contractor and vendor payments, prompting senior finance vice president Decatur Holcombe to resign after voicing concerns about the finances.
Conservative journalist Catherine Herridge worked for weeks without pay on a weekly investigative series before the Times settled after internal escalation.

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Story summary

Patrick Soon-Shiong is seeking up to $500 million to take the 144-year-old Los Angeles Times public despite cash-flow strain.
The paper is months behind on contractor and vendor payments, prompting senior finance vice president Decatur Holcombe to resign after voicing concerns about the finances.
Conservative journalist Catherine Herridge worked for weeks without pay on a weekly investigative series before the Times settled after internal escalation.